• Skip to main content
  • Skip to primary sidebar

Cade Hildreth

Everything You SHOULD'VE Been Taught in School.

MENUMENU
  • Blog
  • Finance
    • Cryptocurrency
    • Real Estate
    • Gold and Silver
    • Investing
    • Increasing Income
    • Financial Q&A
  • Real Estate
  • Health
    • Fitness
    • Nutrition
    • Confidence
  • LGBTQ+
  • Podcast
    • "What You Should've Been Taught"
    • Audio Feed of the Website
    • Ask a Podcast Question
  • About
    • Testimonials
    • About Cade
    • Rugby Bio
    • Instagram
    • Contact
You are here: Home / Finance / Millennials and Gen Z Twice as as Likely to Launch a Side Business
Millennials and Gen Z Twice as as Likely to Launch a Side Business

Millennials and Gen Z Twice as as Likely to Launch a Side Business

January 2, 2022 By Cade Hildreth Leave a Comment

Whether or not you’re an entrepreneur, small business week (September 13-17) is a special time because it’s a chance to learn about ways that you can improve your understanding of business, finance, and entrepreneurship.

If you’re LGBTQ+, this week is even more important, because entrepreneurship provides a rare opportunity to live, earn, and control your professional life on your terms—without judgement or constraint.

Freedom of self-expression was a major driver behind why I launched a business in my 20s and expanded into real estate investing, so I would understand if it was a motivation for you.

Trends in Small Business and Entrepreneurship

Did you know that the U.S. currently has over 30 million small businesses? Worldwide, there are an estimated 582 million entrepreneurs, although that figure varies depending on how you define the term.

If that’s not enough, Millennials and Gen Zers are nearly twice (2X) as as likely to plunge into creating a side business. Specifically, studies cite them to be 188 percent more active in this area than previous generations.

Common motivations for starting a new business include wanting to: 

  • Be your own boss (an estimated 55% of business owners)
  • Pursue your own passion
  • Have uncapped earning potential
  • Control your own time and location

Intriguingly, nearly half (46%) of small business entrepreneurs are between the ages of 41 and 56.

The most likely reason for this age breakdown? It takes time to become an expert in your field and step into leadership.

Plus, while only 61% of the world is currently connected via the internet, this is rapidly changing—with more than a quarter of a billion new users coming online each year and connecting via the internet and blockchain technology.

To further amplify these forces, easy online retail integration (think Shopify), smooth payment integration processing (think Stripe), and nearly instantaneous communication (think Zoom) have made starting a business the cheapest and lowest risk it has ever been.

This means that even if you’re not an entrepreneur yet, you may be in the future—or you may want to collaborate, partner, or work for one.

Celebrating Small Business Week

To celebrate small business week, here are a few steps you can take:

  • Learn tactics for increasing your income here
  • Get educated about investment types and tactics here
  • Learn real estate investing strategies here
  • Or, explore a broad range of financial topics here

Of course, if you’re feeling social, share this article to an entrepreneurially-minded friend.

Want to stay in the loop? Join nearly two million other readers who are learning how to increase income, invest for cash flow, skyrocket confidence, and so much more.
5/5 - (3 votes)

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Entrepreneurship, Finance

Reader Interactions

Tell Us What You Think! Cancel reply

Primary Sidebar

  • Instagram
  • Twitter
  • Facebook
  • LinkedIn
  • Pinterest
  • TikTok

“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

Want to know what I learned making my first few million? Subscribe here.

Or, listen to Cade’s articles on the go as a Podcast.

As we know from history, good people don’t spend As we know from history, good people don’t spend their time harassing marginalized communities. 

Think Hitler, think slave owners, think people who created assimilative boarding schools for Native Americans…

In honor of respecting other people, here are today's truths: 

1. Good people don’t spend their time harassing marginalized communities. 

2. Emotionally mature people don’t require “power over” others to be ok with themselves. 

3. Healthy people allow others to be who they are, not who they want them to be in the name of their own self-comfort. 

4. Diversity is a constant of nature. 

Which one is your favorite?
People will honk if you change lanes. Let them. People will honk if you change lanes. Let them. 

Let me know in comments if you (wholeheartedly) agree. 💙
How to get 400% returns in real estate! Enjoy th How to get 400% returns in real estate! 

Enjoy this clip from my recent podcast, “Kelsey Jang, Army Engineer Officer & Company Commander, on Getting Started In Real Estate“.

Listen to the podcast itself (link below) to hear Kelsey (@kelshjang)share her experience with buying her first rental property priced at only $110K with 10% down.

It will provide you with a real-world example for how to get started in real estate—and start enjoying outsized gains!

Listen here: https://podcasts.apple.com/us/podcast/what-you-shouldve-been-taught/id1523094339?i=1000591353528

Have questions? Ask them in comments ⬇️
Credit Scores: Quick tips and tricks for driving y Credit Scores: Quick tips and tricks for driving your credit score up ⬆️

Which tip here was the most helpful? Let me know in comments… 💵🤔

Also, what topic would you like to learn more about next? 🤓
There are many things that bring me great joy, but There are many things that bring me great joy, but here are three of them: 

1. Top surgery, which has helped me to feel deeply present in my body 

2. Beanie’s furry and funny face 🥹

3. My incredible wife, whose uniqueness and spunk I cherish! 

Notice that none of these are professional or financial or even personal accomplishments…

They are simply profoundly beautiful parts of life. The best and most sacred parts, really. 

If this resonates, leave a 💙 in comments … wishing you all deep joy today too ☺️🏳️‍🌈🏳️‍⚧️
“Your gentleness for yourself with change the wo “Your gentleness for yourself with change the world.” -Grace Kellawon

My life isn’t perfect, but it is carefully and intentionally crafted.

Truthfully, it has been an incredible process to trust myself over the barrage of noise society will throw at you—but to me, that’s some of life’s most important work. 

This is why I will always aim to be gentle with myself — and, I hope, with others too. 💙

Photo notes: 

We’ve got a beaver up in these parts! 🦫

My wife Erin, the beekeeper, has serious skills with it comes to lighting her bee smoker, lol 🔥🐝

Rainbows are beautiful 🌈
Load More... Follow on Instagram

Recent Posts

Gender Spectrum

Gender Spectrum: A Scientist Explains Why Gender Isn’t Binary

Manufactured home community (MHC) investing

Top 5 Reasons to Invest in Manufactured Home Communities

Is a 401k worth it

Why 401K’s Are A Bad Idea

master-list-of-real-estate-syndicators

Master List of Real Estate Syndicators for 2023

Categories

  • Biohacking
  • Confidence
  • Cryptocurrency
  • Entrepreneurship
  • Exclude
  • Finance
  • Fitness
  • Gold and Silver
  • Increasing Income
  • Investing
  • LGBTQ+
  • Nutrition
  • Podcast
  • Real Estate

Ask a Podcast Question | Contact Us | Terms of Use | Privacy Policy

COPYRIGHT © 2019 · CADEHILDRETH.COM | PHONE: ‪(202) 660-4705‬  | 800 CORPORATE DRIVE, SUITE 301, STAFFORD, VA 22554, USA

 

*Disclaimer: Nothing on this site should be construed as medical, health, or financial advice. Before making any health decisions, you should consult with your doctor. Before making any financial decisions, you should consult with professional adviser, such as a financial planner or CPA.